Bot I got a truckload of e-mails on this give me some time people I will get back with all of you...
I have a different ICQ # Now BTW, PLease post your ICQ And I will catchup with you shortly bud...
BTW :
"SporttingBet.com had to pay 350 million to get into the ball game."
They paid $350 Milliond ollars to aquire a business that is already making MILLIONS of dolars a month. They will recoup their investment and be riding pure profit within 12 months especially with the infusion of their sportsbook players to the site increasing the number of fish. More fish draws more solid players and more people draw more fish. This was a VERY smart business move for them.
I expect Paradise to stay in Top 3 for good and I see a sublicense to one other huge casino business at some point of time where they will have a shared player database and that could possibly put them in the Top 2 steadily for years to come.
"Paradise poker was the 1st or 2nd and Party Poker came along not to long ago and are now the 1st. There is still a couple years left, at least."
Nope!
http://www.planetpoker.com was the very 1st and
http://www.deltapoker.com was the second (who was also on YPN with me expect Delta to have a new software provider soon as well).
After that Paradise was in beta forever and opened for real money being the third site..
You then had Poker Stars and UB roughly around the same time.. The rest you should know the order they opened up in.. If not I could dig up a little mroe information on them and post as some opened up so closely to eachoher and there are over 20 different NETWORKS out there now.
"If I had 5 mil to invest in online poker, there is no way I would concider doing it with Iglobalmedia. For XX,XXX You can get your own fully customized software programmed and market the hell out of it. You can't expect to be the top 3 by using a franchised software and if you have 5mil to invest, becoming top 3 is very possible."
Raulph, You are so off based here you have NO IDEA!! Full Tilt Poker has spent atleast that amount in advertising by having pro players pay there etc... If not they have given up such alrge potion of their business by doing so it equalds more then $5 million in advertising, trust me ... Full Tilt had a chance but their bonus release structure was pathetically horracious and they will never make it due to that alone now.
5 million dollars advertising WITH THE RIGHT people in your company would get you a good strong hold, I would say it would possibly put you in top 10 within 6 months. From that point on expect to spend 90% of profits by putting the money back into advertising for another year to even come clse to crackign the top 5 - And again you MUST have the right team put together being paid well to do such a task. This is a very tricky business, and 5 million is what party poker spends in advertising in pry 5 days.. At Least $1 million a day I would guess in advertising by party.
The other 5% should go to divideneds and the other 5% goes to a "Corporate Bankroll" in case any huge expenses came up you had something setup to cover those expenses...
"Do you have any clue how much you'd have to spend in advertising in such an increasingly competitive industry?"
I do agree very strongly, the amounts are unmeasurable!! If you are starting up a new network you also need money for proposition players and multiple other areas of the business many of you may not have ANY idea exist. You need someone who knows the market inside and outside to help you in these aspects or else you ARE doomed to fail. This is common sense though
"Tread the waters into this minefield extremely cautiously guys. There are a ton of scammers that will gladly take your money and fuck you over at the blink of an eye.
I knew a guy in Ft. Lauderdale that snaked millions out of casino investors and was able to get away with it for years.
Unless you have have deep, deep pockets I wouldn't recommend getting into this arena."
I agree with KRL here completely this is not a business you can just expect to open with $50,000 and no existing player database and succeed. You truly need to be prepared for ALOT of things if you are to enter this market, and be raeady to evaluate alot of different providers in legth before going with one of them.
Quick Note : My Boss Media comment was a JOKE if you guys didn't catch it or don't know the industry..